Monthly Archives: September 2009
Home Buying Risks, Pitfalls and Tips For New Construction Homes
Home buying has risks associated with it, particularly the purchase of a new construction home in a new development. There are pitfall all along the way. What should you do to protect yourself? How do you handle the uncertainty of buying a new construction home in a new development? One reader suggests that the buyer should share any risks in that new construction purchase with the lender that give the buyer the loan. Would you agree? Leave your comment below.
Taylor Bean And Whitaker: Continuing Mortgage Lender Problems
Problems persist with Taylor Bean and Whitaker loans, including those loans handles by Cenlar Bank. The continuing mortgage lender problems have these mortgage borrowers scrambling for answers. Call centers are overwhelmed and mortgage borrowers’ questions remain unanswered. What do you do if you receive letters from two different mortgage servicing companies claiming that each one of them is going to service your Taylor Bean and Whitaker loan?
Refinancing Mortgage Only If You Reduce Your Monthly Payments, Term and Refinance Costs Are Low
Refinancing a first mortgage and/or a second mortgage or home equity line of credit may not be right for everybody.
If you refinance the mortgages will you reduce the amount you owe on the mortgage loan?
Will you reduce the number of years left to pay on the mortgage once you refinance the mortgage and home equity line of credit or second mortgage loan?
If you refinance your mortgage, will the costs you incur by refinancing your mortgage exceed the savings you get?
How long will it take for you to break even after you spend money refinancing your mortgages?
Small Business Scam? Can A Cold Call Save My Small Business?
Debt overload or overboard? A small business owner is facing off with the recession. On one hand, he has to refinance his debt to stay afloat. On the other hand, navigating the complicated waters of small business loans has him confused. A miracle phone call seems to answer all of his needs and provide him with the money he needs to retain his employees. How can you find out if an offer is a scam or if it can truly help save your business?
Social Security Garnishment: Can It Happen To Me?
Social Security garnishment. Can a creditor go to court to garnish your Social Security benefits? Can the Federal Government ever garnish your Social Security benefits? Can your bank allow your Social Security benefits to be garnished? How can you prevent that from happening?
Ilyce Glink Show Notes – September 20, 2009
Ilyce Glink Show Notes September 20, 2009: Umemployment numbers up and down, job creation elusive; best time for prepaying mortgage; How to Profit from Foreclosures Event October 24, 2009. Use discount code: crystal; FREE BOOKS AND EBOOK DEAL. SEE BELOW FOR DETAILS. Taylor Bean Whitaker links;
Latest Update From Taylor Bean Whitaker
We just posted the latest update to the confusing situation with failed mortgage servicer Taylor Bean Whitaker. According to the director of mortgage …
Taylor Bean Whitaker Update: Deadline From Bankruptcy Court
Taylor Bean Whitaker Update: The latest news finds the failed mortgage company at a hearing at bankruptcy court. According to a representative from the Georgia Department of Banking and Finance, Taylor Bean Whitaker has been given a deadline of October 31 to address who will service which accounts.
Primary Residence Or Principal Residence: Mortgage Lender Problems
Primary Residence Or Principal Residence: Mortgage Lender Problems
A reader purchased a first home and lived in it and then bought a second home. She now lives in the second home. Now the lender claims she is in default under her loan agreement for failing to use her first home as her primary residence or principal residence. Does the lender want to foreclose on her? She is current on her loan payments. She rents out the home and otherwise has no issues at this time other than the lender now driving her crazy. It seems her mortgage lender is just trying to create problems for her.
Only Sign Quit Claim Deed When You Are Sure Your Name Is Removed From Mortgage
Only Sign Quit Claim Deed When You Are Sure Your Name Is Removed From Mortgage
We frequently write articles about quit claim deeds and removing names from mortgages. The important thing for people to understand is that the ownership of a piece of property, a home, or any piece of real estate is independent from the debt obligations people have. That is to say, if you own a home, you can own it one way and if you take out a loan with a bank, the debt is an independent obligation from the manner in which title is held to a piece of property. If you get rid of the home using a quit claim deed, you don’t get rid of the other obligation to the bank. The obligation stays with you. The mortgage debt to the bank is an independent contractual obligation that is personal to the person that signed the mortgage loan. This reader broke up with her fiance within days of their wedding. They bought a home together and now she wants to remove her name from the mortgage. One option is a short sale to get rid of the property and get her name off the mortgage.
